American Express Bank, FSB.
Headquarters
4315 South 2700 West
Salt Lake City, UT 84184
See all branch locations →
Phone 800 528 4800
Reviewed by Dev1ldog | November 8, 2023 |
I see nothing exciting about AmEx Bank. Sign on is a hassle and the rates are adequate. Multiple accounts are not summarized. To cancel maturing CDs require phoning in or snail mail. Above average service does not equate to added dividends. Being an AmEx member today is not the honor it was in the 1980’s or 90’s. Better bank brands with higher dividends are recommended.
2024 Overview
General Bank Information
American Express Bank, FSB. is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2000 and has approximately $55 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 35328 |
| Date Established | 2000 |
| Assets | $ 51.88 billion |
| Loans | $ 42.11 billion |
| Deposits | $ 45.80 billion |
| Capital | $ 6.07 billion |
For a more detailed analysis of American Express Bank, FSB.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
Online Only Savings Rates of American Express Bank, FSB
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High Yield Savings Account by American Express
|
4.00% | $0 | - |
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|
Online Only CD Rates of American Express Bank, FSB
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 11 Month CD
|
4.00% | $0 | - |
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|
| One Year CD
|
3.85% | $0 | $250,000 |
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|
| 18 Month CD
|
3.35% | $0 | $250,000 |
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|
| 24 Month CD
|
3.50% | $0 | $250,000 |
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|
| 36 Month CD
|
3.00% | $0 | $250,000 |
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|
| 48 Month CD
|
3.00% | $0 | $250,000 |
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|
| 60 Month CD
|
3.00% | $0 | $250,000 |
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|
Bank Online Offers
American Express Personal Savings Rate Lowered to 1.60% APY
Apr 3, 2020
Amex has lowered its Personal Savings rate by 10 basis points to 1.60% APY. The rate remains very competitive and has held up better than the online rates of many of Amex's competitors.
American Express Personal Savings Rate Lowered to 1.30% APY
May 14, 2020
Amex Lowered its online savings rate from 1.50% APY to 1.30% APY this morning.
American Express Personal Savings Rate Lowered to 1.15% APY
Jun 4, 2020
Amex has lowered the rate on its Personal Savings account.
American Express Personal Savings Rate Lowered to 1.00% APY
Jun 25, 2020
This is the latest rate drop in online savings rates.
Amex Personal Savings Rate Lowered to 0.80% APY
Aug 18, 2020
American Express has lowered their Personal Savings interest rate from 1.00% to 0.80% APY.
American Express Personal Savings Rate Lowered to 0.60% APY
Sep 17, 2020
Amex has dropped its online savings rate by 20 basis points again.
American Express Personal Savings Lowered to 0.50% APY
Dec 17, 2020
Amex has lowered its OSA rate from 0.60% to 0.50% APY this morning.
Amex Personal Savings Rate Lowered to 0.40% APY
Mar 11, 2021
Amex has lowered the rate by 10 basis points this morning.
American Express Personal Savings Raised to 0.50% APY
Jan 5, 2022
Amex has raised its Personal Savings rate from 0.40% to 0.50% APY today.
American Express Personal Savings Raised to 0.60% APY
Apr 28, 2022
This represents a 10 basis point increase of its previous rate. It has also increased its CD rates and its 1-year is now at 1.00% APY.
American Express Raises Personal Savings Rate to 1.00% APY
Jun 29, 2022
Amex used to be a rate leader, but now they are one of the last major players to cross the 1.00% mark.
Loan Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for American Express Bank, FSB.
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1025894 |
6.863% |
6.750% 1.00 points $3,705 fees |
$2,076 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.879% |
6.750% 1.00 points $4,432 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.325% |
7.250% 0.75 points $2,400 fees |
$2,183 | Learn More |
NMLS ID: 3029 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR
7.900 %
After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to American Express Bank, FSB.
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
American Express Bank, FSB. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
American Express Bank, FSB. Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|
Climate Policy and Initiatives
American Express Bank, FSB. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
American Express Bank, FSB. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of American Express Bank, FSB.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| American Express Bank, FSB. | U.S. Bank Average |
|---|---|
| 3.84% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, American Express Bank, FSB. had $262,820,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,071,676,000 in equity and $765,269,000 in loans loss reserves. That gives it a Texas Ratio of 3.84%.
Return on Equity
| American Express Bank, FSB. | U.S. Bank Average |
|---|---|
| 29.2% | 10.46% |
American Express Bank, FSB. has a Return on Equity of 29.2% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| American Express Bank, FSB. | U.S. Bank Average |
|---|---|
| 11.7% | 10.84% |
American Express Bank, FSB. has a Capitalization of 11.7% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
American Express Bank, FSB. Balance Sheet Analysis
As of March 31, 2018, American Express Bank, FSB. had assets of $55,002,198,000, loans of $42,113,068,000, and deposits of $45,803,801,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 11.08 billion |
| Interest-bearing balances | $ 11.07 billion |
| Total securities | $ 370.83 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 42.11 billion |
| Loan loss allowance | $ 765.27 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 100.73 million |
| All other assets | $ 1,341.14 million |
| Total Assets | $ 48.93 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 45.80 billion |
| Interest-bearing deposits | $ 45.72 billion |
| Deposits held in domestic offices | $ 45.80 billion |
| % insured (estimated) | 76.91% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 28.42 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 3.10 billion |
| Total Liabilities | $ 48.93 billion |
| Shareholders’ Equity | $ 2.95 billion |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 968.28 million |
| Total Interest Expense | $ 177.35 million |
| Net interest income | $ 790.93 million |
| Provision for loan and lease losses | $ 275.49 million |
| Total non interest income | $ 2.17 billion |
| Total non interest expense | $ 1,943.76 million |
| Pre-tax Net Operating Income | $ 746.09 million |
Bank Loan Profile?
The top three loan types in American Express Bank, FSB.’s loan portfolio are Commercial and Industrial Loans, Credit Card Loans, and 1-4 Family Residential Loans.
Compared to other banks in Utah, American Express Bank, FSB. has a significantly higher percent of Credit Card Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 0.00 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 36.31 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 0.00 | ✓ | ||
| Commercial and Industrial Loans | 59.70 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for American Express Bank, FSB.
Dev1ldog
November 8, 2023 |
I see nothing exciting about AmEx Bank. Sign on is a hassle and the rates are adequate. Multiple accounts are not summarized. To cancel maturing CDs require phoning in or snail mail. Above average service does not equate to added dividends. Being an AmEx member today is not the honor it was in the 1980’s or 90’s. Better bank brands with higher dividends are recommended.
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